Question

Rectify the following errors:
(a) Furniture purchased for ₹ 10,000 wrongly debited to purchases account.
(b) Machinery purchased on credit from Raman for ₹ 20,000 was recorded through purchases book.
(c) Repairs on machinery ₹ 1,400 debited to machinery account.
(d) Repairs on overhauling of second-hand machinery purchased ₹ 2,000 was debited to repairs account.
(e) Sale of old machinery at book value of ₹ 3,000 was credited to sales account.

Answer 1

Journal
S.No.	Particulars	L.F.	Debit Amount ₹	Credit Amount ₹
(a)	Furniture A/c Dr.		10,000
	To Purchases A/c			10,000
	(Furniture purchased wrongly debited to Purchases Account, now rectified)
(b)	Machinery A/c Dr.		20,000
	To Purchases A/c			20,000
	(Machinery purchased from Raman wrongly entered in the Purchases Book, now rectified)
(c)	Repairs A/c Dr.		1,400
	To Machinery A/c			1,400
	(Repair of machinery wrongly debited to Machinery Account, now rectified)
(d)	Machinery A/c Dr.		2,000
	To Repairs A/c			2,000
	(Overhauling of second-hand machine wrongly debited in Repairs Account, now rectified)
(e)	Sales A/c Dr.		3,000
	To Machinery A/c			3,000
	(Machinery sold wrongly credited to Sales Account, now rectified)